Note: The original had "Rank #1" with a space before? Actually: Rank #1. So we translate "Rank" to "Peringkat".
Next paragraph: "This isn't a crypto story — not directly. But regulators rarely make that distinction. The UK is already in a regulatory tightening cycle: the Travel Rule is rolling out, FCA registration timelines keep slipping, and the government has signaled it wants more control over all payment flows. A scandal involving UK-licensed firms funneling money for people-smuggling gives the Treasury and the FCA political cover to demand stricter KYC/AML rules on every payment system,
